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Evening Standard
Evening Standard
Business
Nina Lloyd

Davey proposes major shake-up of green energy contracts to ‘slash bills’

Sir Ed Davey will propose that all green energy projects be moved to a Government subsidy scheme in a speech accusing Nigel Farage and Kemi Badenoch of peddling “myths” about net zero.

The Liberal Democrat leader will call for a “rapid” transition to Contracts for Difference (CfD), which work by guaranteeing generators a fixed “strike price” for electricity regardless of the wholesale price.

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